I’ve been busy enjoying the warm weather, spending time with family and friends, and making the most of the long days. But, as the saying goes, all good things must come to an end. 🙁
I had a great time on my trips to California and Northern Michigan. I felt lucky to get out to see some fantastic places and meet some great people. Although, I wish I had the chance to get out of the country. Maybe next year!
In July, my nephew Perry was visiting my parents in the Traverse City area. We’ve been coming up to the area since I was very young. My late grandmother had a summer home in the area since the 1970s.
On Saturday, a very hungry and enthusiastic Perry grabs his cheeseburger and the relish. After he puts the burger down on the table, he squeezes the relish so hard he shoots 1/4 of the bottle all over his plate. He is immediately upset. Before he started yelling, I said to him
“Do you know you can learn something from that relish mess?”
“Everyday traders make their money from squeezes, just like you squeezed the relish bottle and everything came out”.
He doesn’t get it, but I tried.
“Do you know what the stock market is?”.
“Do you know what corn is?”
“The price of corn goes up and down because of squeezes.” “Small squeezes move the market a little bit, and the large squeezes move the market a lot.”
“When you squeeze the relish so hard it shoots out everywhere, you’ve created a huge squeeze.” He giggles.
What are the most significant squeezes? The tail events. They bring the gobs of unwanted relish on the unsuspecting as they are forced to sell or cover at bad prices.
Have a good labor day weekend.